ChrisOliver

The indicator, which measures cash bills in circulation, bank deposits, money-market funds, and checking deposits and other types of deposits, grew 17.8% in December from a year earlier, the People's Bank of China said Tuesday.

M2 expanded 14.8% in November.

"The recent aggressive cuts in reserve requirements are having some impact on improving liquidity," wrote J.P. Morgan's chairwoman of China equities, Jing Ulrich, in a research note Tuesday.

Foreign-exchange reserves totaled $1.95 trillion at the end of 2008, up from $1.91 trillion at the end of September. Forex reserve data are reported quarterly.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information.
All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.
Intraday data delayed at least 15 minutes or per exchange requirements.